Short Interest in Vail Resorts, Inc. (NYSE:MTN) Decreases By 11.7%

Vail Resorts, Inc. (NYSE:MTN) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 1,264,000 shares, a drop of 11.7% from the July 31st total of 1,431,700 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 321,000 shares, the days-to-cover ratio is presently 3.9 days.

A number of hedge funds have recently bought and sold shares of MTN. SRS Capital Advisors Inc. purchased a new stake in Vail Resorts during the second quarter worth approximately $28,000. Massey Quick Simon & CO. LLC acquired a new position in Vail Resorts during the second quarter worth approximately $45,000. NEXT Financial Group Inc increased its position in Vail Resorts by 24.7% during the second quarter. NEXT Financial Group Inc now owns 384 shares of the company’s stock worth $87,000 after buying an additional 76 shares during the period. Commonwealth Bank of Australia increased its position in Vail Resorts by 31.9% during the second quarter. Commonwealth Bank of Australia now owns 509 shares of the company’s stock worth $113,000 after buying an additional 123 shares during the period. Finally, Quattro Financial Advisors LLC acquired a new position in Vail Resorts during the second quarter worth approximately $115,000. Hedge funds and other institutional investors own 95.25% of the company’s stock.

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MTN has been the subject of several recent research reports. ValuEngine cut Vail Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Deutsche Bank set a $261.00 price objective on Vail Resorts and gave the company a “buy” rating in a research note on Friday, June 7th. Zacks Investment Research cut Vail Resorts from a “hold” rating to a “sell” rating and set a $182.00 target price for the company. in a research note on Monday, May 27th. William Blair restated an “outperform” rating on shares of Vail Resorts in a research note on Friday, June 7th. Finally, Stifel Nicolaus boosted their target price on Vail Resorts from $219.00 to $230.00 and gave the stock a “hold” rating in a research note on Friday, June 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $237.18.

MTN stock traded down $0.83 during trading on Friday, hitting $238.51. 210,940 shares of the company’s stock were exchanged, compared to its average volume of 373,983. The business has a 50-day moving average price of $239.85 and a two-hundred day moving average price of $225.47. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 1.99 and a beta of 0.68. Vail Resorts has a 52-week low of $179.60 and a 52-week high of $295.01. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.